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Jan 21, 2013
01/13
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david: so will america have to learn to live with the european-sized deficit? let's ask gerry seib, the "wall street journal" political editor. first of all, why are you here in new york when the inauguration is in d.c.? >> too much insanity down there. david: all right. he made a reference to the deficit but immediately followed that reference with a big but, he said we have to cut the deficit but we need to continue to spend more money for a bigger government? >> i think you have to think of this inaugural as having messages for both republican opposition and also his own base. i think the message to republicans was look, i have an agenda for a second term. it is going to include some things we didn't get around to like climate control in the first term because we were dealing with an economic crisis, and to his base he's saying look i'm not going to give in, i'm not going to cave because he's under some pressure from the left from people who say you have given up too much, you haven't talked about the poor enough. david: there are other democrats who are say
david: so will america have to learn to live with the european-sized deficit? let's ask gerry seib, the "wall street journal" political editor. first of all, why are you here in new york when the inauguration is in d.c.? >> too much insanity down there. david: all right. he made a reference to the deficit but immediately followed that reference with a big but, he said we have to cut the deficit but we need to continue to spend more money for a bigger government? >> i think...
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Jan 22, 2013
01/13
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, a throwaway line said we have a big deficit. we have to do something bit, with you we still have to continue with all the spending. i didn't see anything about cutting back on spending. did you? >> no, david. in fact that was more a defense of government in the president's speech, overarching theme of his governing philosophy and one has not been about cutting any type of enlightment spending when it comes to medicare, medicaid and social security and cutting benefits those receive. lauren: i am president, hear me roar. rich edson, working in washington, d.c. you have to invest in tylenol right? an advil. you're coughing this stuff every day. david: no, these guys love it. you don't understand these guys are nerds. they watch this stuff. they open a beer and sit in front of the tv and love this stuff like it was a football game, right, rich? >> yeah. it is a city. there is something wrong with all of us here. david: i still love washington. we love you. thank you, rich. >> thanks, guys. lauren: if you ever sent out a beat you're
, a throwaway line said we have a big deficit. we have to do something bit, with you we still have to continue with all the spending. i didn't see anything about cutting back on spending. did you? >> no, david. in fact that was more a defense of government in the president's speech, overarching theme of his governing philosophy and one has not been about cutting any type of enlightment spending when it comes to medicare, medicaid and social security and cutting benefits those receive....
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Jan 21, 2013
01/13
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gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to pr
gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the...
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Jan 21, 2013
01/13
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president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around the japan
president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox...
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Jan 16, 2013
01/13
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the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in the future. that is a harder concern to see moment by moment but, it is the biggest in the long run. ashley: it is indeed. maya. thank you so much. we didn't have time to get into entitlement reform and reforming the tax code, two huge issues i know you're very hot on but remains to be seen. based on what we've seen so far in washington it will be a big, tall order. maya, thank you. tracy: coming up, speaking of the tax code, delayed tax season, well, starts two weeks from today. turbotax vice president bob meaghan is here with the bigge
the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in...
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Jan 23, 2013
01/13
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remember four years ago he campaigned on getting rid of the deficit within four years. he did not achieve that. we, as a country, have to hope for new beginnings. i am all about progrowth. get our fiscal growth in order. dennis: thank you very much. rich, we will come back to you. >> it looks like they are just about to get started. we will update you as soon as we get a tally. cheryl: we will be watching that both from our control room right here in new york. more coming up from davos, switzerland. liz claman is with some of the most influential people in the world. dennis: lax getting a lot more traffic. people are fleeing california because of a much higher tax rate. first, a look at the ten year treasuries. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ish
remember four years ago he campaigned on getting rid of the deficit within four years. he did not achieve that. we, as a country, have to hope for new beginnings. i am all about progrowth. get our fiscal growth in order. dennis: thank you very much. rich, we will come back to you. >> it looks like they are just about to get started. we will update you as soon as we get a tally. cheryl: we will be watching that both from our control room right here in new york. more coming up from davos,...
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Jan 22, 2013
01/13
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you can't not tax your way out of our current deficit and debt. i was encouraged to hear that senator schumer and our colleagues in the senate are going to do something they are very unfamiliar with, which is actually to pass a budget. i will believe it when i see it. he says they're going to do it. that is important because when you have to put pen to paper and list your priorities it makes it easier to have the debate. when you're debating against a phrase like balanced approach, that's a challenge. but when you're debating against specific numbers, it gets a little easier. tracy: representative schakowsky, let's talk about this budget. the house of course calling no budget, no pay. look, you want to talk about the center and the american people. we have all had to create budgets over the last couple of years and had no choice but to live by them. we don't have printing presses at home. this notion that we don't have a budget right now, a little disheartening. you think we'll get one out of all this. >> the house passed a budget, the ryan budget
you can't not tax your way out of our current deficit and debt. i was encouraged to hear that senator schumer and our colleagues in the senate are going to do something they are very unfamiliar with, which is actually to pass a budget. i will believe it when i see it. he says they're going to do it. that is important because when you have to put pen to paper and list your priorities it makes it easier to have the debate. when you're debating against a phrase like balanced approach, that's a...
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Jan 18, 2013
01/13
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he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes s
he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he...